R-380-58 o
RESOLUTION NO. . 380
WHEREAS, Miami Shores Village has agreed to purchase
a tract of land known as Block 107, Miami Shores Subdivision, for the
use of its Recreation Department; and
WHEREAS, the Village is without the full amount of the
necessary funds with which to pay for said land which will cost $21, 750. 00;
and
WHEREAS, Bessemer Properties, Inc. has agreed to
lend the Village 9016 of said sum, or $19, 575. 00, re-payable in 15 equal
annual installments bearing interest at 4016 per annum, upon the execution
and delivery to said company of a Certificate of Indebtedness executed
by the Village;
NOW, THEREFORE, BE IT RESOLVED BY MIAMI SHORES
VILLAGE, that the Village borrow from Bessemer Properties, Inc. the
sum of $19, 575. 00 payable in 15 equal annual installments bearing inter-
est at 4% per annum, and that the Mayor and Village Clerk execute a
Certificate of Indebtedness therefor;
BE IT FURTHER RESOLVED that the said Village and
its officials shall in no wise be liable for any of the sums of money
represented by such Certificate of Indebtedness but the same shall be
payable solely from the proceeds derived by the Village from the Florida
Power and Light Company pursuant to a franchise agreement dated the
15th day of May, 1951, which amounts to $35, 000. 00 per year, of which
the first $11, 000. 00 per year is now pledged, and the taxing power of
this Village shall never be exercised for the purpose of raising funds to
pay for said Certificate or any part thereof.
PASSED AND ADOPTED this lst day of July, 1958.
Mayor
ATTEuT:
Village Clerk
r
CZRTIFICATIG
MIAMI SHORES,VILLAGE does hereby certify that pursuant
to Resolution No. 380 adopted by its Council on July 1, 1938, it promises
to pay to the order of Bessomer Properties, Incorporated. the sum of
Nineteen Thousand Five Hundred Seventy-five Dollars ($19.575.00) with
Interest the"oa at 4% per annum, which said suns is payable to said
Bessemer Properties, Incorporated,. in annual installments of Thirteen
Hundred Five Dollars ($1305.00), the first of said installments being due
and payable on duly 1, 1959 and a like sum being due each year thereafter
until the whole sum, with interest as aforesaid, is fully paid. Interest on
said sum or the balance remaining from time to time shall be paid at the
same time the annual installments of the principal are paid.
This Certificate shall in no wise be construed as a personal
obligation of the said Village or any of its offMials. and shall be payable
solely from the proceeds derived by the Village from the Florida Power and
Light Company pursuant to a'franchise agreement dated the 15th day of May
1951, which amounts to $390 000.00 per year of which the first $11.000.00
per year is now pledged,, and the taxing power of this Village shall never be
exercised or teases collected for the purpose of payment of the money repro-
seated hereby.
If suit is necessary to enforce the terms of this Certificate or
the collection heareof, the Village agrees,0 payout of the proceeds of said
franchise_agre*msst, is addition to the principal and interest collected by
said shit, a reasonable attorney's fee for the holder's attorney.
No transfer of this Certificate shall be valid or binding spoa
the Village unless prior notice thereof is gives to *0 Village.
IN 11rrmw WHEREOF, the said Miami Shores Village has
caused this Certificate to.be 0M' weed I* the name of the Village and the
seal thereof to be affixed, this July . 1930.
MIAMI SHORES VILLAGE
ATTR?: Bys
t yer
Its Clerk
A RESOLUTION
BE IT RESOLVED, that in the untimely and tragic death
of R. WARNER RING, the Village Council has lost the services of a
faithful and devoted citizen who has served as the Accountant for this
Village since its organization in 1932; that the Village has lost an un-
selfish and distinguished friend, whose disinterested activities have
been of great value to the people of this Village and that the citizens
thereof have lost a friend and neighbor whose good conduct and patriot-
ism will always be an example for others to follow;
BE IT FURTHER RESOLVED, that this resolution be
spread upon the minutes of the Council and that suitable copies under
the hand of the Mayor and Village Clerk be presented to Mr. Ring's
family.
PASSED and ADOPTED this 17th day of June, 1958
ayor
ATTEST:
Village Clerk